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Trump Lied Again About His Tax Cuts

For Immediate Release

Trump Lied Again About His Tax Cuts

WASHINGTON - Just a few hours ago, President Trump sat down with congressional leaders from the bipartisan Problem Solvers Caucus to discuss his tax cut plan. During the Q&A, Trump claimed that wealthy individuals will not benefit from his plan.

Our response: "That's a lie. Trump's current tax plan will overwhelmingly benefit millionaires, billionaires, and large corporations, at the expense of everyone else. The top 1% will get half of his proposed tax cuts -- $175,000 each on average. Trump plans to pay for his massive tax giveaway with budget cuts to Social Security, Medicaid, public education and other priorities for the middle class. He even plans to cut $667 million from FEMA next year. Unbelievable." -- Frank Clemente, Executive Director, Americans for Tax Fairness.

Here is what Trump said:

"The rich will not be gaining at all with this plan. We're not -- we're looking for the middle class, and we're looking for jobs -- jobs, meaning companies. So we're looking at for the middle class and we're looking at jobs. [...] I think the wealthy will be pretty much where they are, pretty much where they are. We can do that, we'd like it. If they have to go higher, they'll go higher, frankly. We're looking at the middle class and we're looking at jobs. OK?"

Here are the facts about Trump's tax plan as outlined in April 2017:

Half of the tax cuts in Trump's plan will go to the top 1% (those making more than $732,900).

The average tax cut for the top 1% will be $175,000.

The average tax cut for a family making between $25,000 and $48,600 will be $210.

A quarter of all families making between $48,600 to $86,100 will actually see their taxes INCREASE.

On top of that, these tax cuts for millionaires will be paid for by Trump's budget cuts to Social Security, Medicaid, public education, and many other priorities for working families and the middle class -- including FEMA and other disaster recovery agencies.

THE LAST FIREWALL AGAINST THE LIES

Independent media has become the last firewall against government and corporate lies. Yet, with frightening regularity, independent media sources are losing funding, closing down or being blacked out by Google and Facebook. Never before has independent media been more endangered. If you believe in Common Dreams, if you believe in people-powered independent media, please support our critical Winter campaign now and help us fight—with truths—against the lies that would smother our democracy. Please help keep Common Dreams alive and growing.

Americans for Tax Fairness (ATF) is a diverse campaign of more than 425 national, state and local endorsing organizations united in support of a fair tax system that works for all Americans. It has come together based on the belief that the country needs comprehensive, progressive tax reform that results in greater revenue to meet our growing needs. This requires big corporations and the wealthy to pay their fair share in taxes, not to live by their own set of rules.

Further

With evidence growing that prayer will not stop bullets from killing school children, the kids themselves are stepping up to be the grownups in the room and say the NRA and their fucking guns must go. Just down the road from the latest slaughter, they walked out of class and held livid, poignant signs declaring it's time to protect our kids, not their guns. The chorus swells. Vote all the blood-soaked lackeys out.